Ray Dalio | The All-In Interview

(0:00) Ray Dalio joins Friedberg!
(0:50) The current US fiscal situation
(6:23) Breaking down "The Big Debt Cycle," a potential US debt spiral, and the impact on real wealth
(24:54) USD vs other currencies and assets, best hedges against the dollar
(33:20) Portfolio construction, how China increases risk for US AI companies, why this market reminds Ray of 1998-1999
(41:45) How the US can avoid a debt crisis
(53:29) DOGE, Trump, and AI's greatest risk
(1:05:31) Chances of conflict between the US and China

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Referenced in the show:
https://tradingeconomics.com/united-s...
https://www.crfb.org/press-releases/t...
https://www.cbo.gov/publication/61172
https://www.institutionalinvestor.com...
https://fred.stlouisfed.org/series/M2SL
https://www.jpmorgan.com/insights/out...
https://www.forbes.com/sites/robertfa...
https://www.chathamfinancial.com/insi...
https://www.cnbc.com/2025/01/14/a-glo...

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